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200 NCS Officers to Vacate as NPA Reclaims Lilypond



Nigerian ports authority
  • 200 NCS Officers to Vacate as NPA Reclaims Lilypond

Over 200 officers and men of the Nigeria Customs Service may vacate the Lilypond Terminal following moves by the Nigerian Ports Authority to retain the facility for its trucks call-up system.

The Lilypond Terminal located in Ijora Lagos, is a dry port with full complement of Customs and other security agencies.

Ongoing rehabilitation works at the facility have been reportedly halted and Customs officers at the facility will be asked to leave, according to insider sources.

It was gathered that over 200 Customs officers are deployed to the Ijora based terminal. quoted a source at the facility as saying that letters have been written to the Area Controller of Lilypond Command over the development.

Our correspondent gathered that the decision to convert the terminal into a truck park was part of measures aimed at addressing the perennial gridlock at the Apapa Port access roads.

This was confirmed by the General Manager, Corporate and Strategic Communications, NPA, Mr Jatto Adams, who disclosed that the NPA had to revoke a five -year lease agreement it had earlier entered with Lilypond Container Terminal Limited.

According to him, the Authority will resume activities there to do some expansion work and ascertain the number of trucks to be accommodated at the Ijora facility.

He added that NPA would adopt an orderly electronic call-up system for trucks to be parked in the terminal before they access the ports in Lagos to address the traffic issues.

Adams had earlier disclosed that NPA leased it out with effect from September 2018 after its initial ten year lease expired in 2016.

He said, “Lilypond Container Terminal was erroneously concessioned ab-initio, this was because the said terminal does not have a water front for loading and offloading of cargo.

“Consequently, after the expiration of the lease, the terminal was, however, reclassified and granted a five- year development lease.”

Lilypond container terminal was leased to APM Terminal for a period of 10 years and the lease expired in 2016.

According to the Head, Communications, APMT, Mr Austin Fischer, the facility was dedicated as an agricultural export terminal.

He told our correspondent that APMT intended to use the facility as an agricultural terminal for its new Cold Chain project, aimed at preserving perishable goods originating from the North.

Earlier, the Chairman, Association of Nigerian Licensed Customs Agents, Lilypond Chapter, Femi Olabanji had lamented that the place had remained idle for a long time and even transit containers that were to be sent there were not delivered since August 2018.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and, with over a decade experience in the global financial markets.


FG Reopens Osubi Airport Warri for Daylight Operations




FG Reopens Osubi Airport Warri for Daylight Operations

The Federal Government on Monday said the Osubi Airport in Warri has been reopened for daylight operations.

The Minister of Aviation, Hadi Siriki, disclosed this in a tweet.

The airport was closed in February 2020 over mismanagement and debt allegation involving aviation service providers and airport management.

However, Oberuakpefe Afe, a lawmaker representing Okpe/Sapeie/vaie federal constituency, recently moved a motion for the Federal Government through the ministry of aviation and relevant authorities to reopen the airport for flight operations.

On Monday, Hadi Siriki said “I have just approved the reopening of Osubi Airport Warri, for daylight operations in VFR conditions, subject to all procedures, practices and protocols, including COVID-19, strictly being observed. There will not be need for local approvals henceforth.

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Nigerian Brand, JR Farms Acquires 11% Stake in Rwandan Firm




Nigerian Brand, JR Farms Acquires 11% Stake in Rwandan Firm

JR Firms, an agribusiness firm with headquarters in Nigeria, has announced partnership with Sanit Wing Rwanda through the acquisition of 11 per cent stake in the company.

The CEO of the company, Mr Rotimi Olawale, explained in a statement that the partnership was in furtherance of its goals to ensure food security, create decent jobs and raise the next generation of agrarian leaders in Africa.

The stake was acquired through Green Agribusiness Fund, an initiative of JR Farms designed to invest in youth-led agribusinesses across Africa.

Sanit Wing Rwanda is an agro-processing company that processes avocado oil and cosmetics that are natural, quality, affordable, reliable and viable.

The vision of the company is to become the leading producers of best quality avocado and avocado by-products in Africa by creating value across the avocado value chain.

With focus on bringing together over 20,000 professional Avocado farmers on board and planting of three million avocado trees by 2025 through contract farming, the company currently works with One Acre Fund in supply of avocado to its processing facility.

The products of the company which include avocado oil, skin care (SANTAVO), hair cream and soap are being sold locally and exported to regional market in Kenya.

With the new partnership with JR Farms- the products of the company will enjoy more access to markets focusing on Africa and the European Union by leveraging on partnerships and trade windows available.

Aside funding, the partnership comes with project support in areas of market exposure, capacity building, exposure and other thematic support to grow the business over the next four years.

JR Farms has agribusiness operations in Nigeria, Rwanda, United States and Zambia respectively.

In Nigeria, the company deals in cassava value chain processing cassava to national staple “garri” which is consumed by over 80 million Nigerians on daily basis, while in Rwanda, it works in the coffee value chain with over 4,000 coffee farmers spread across the East Central African country.

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Shut Down Depots Selling Petrol Above Approved Price – Marketers




Shut Down Depots Selling Petrol Above Approved Price – Marketers

The Federal Government should close down depots that are selling petrol above the approved price, oil marketers said on Thursday.

National President, Independent Petroleum Marketers Association of Nigeria, Sanusi Fari, said the sale of petrol above government approved price by depot owners would soon lead to a hike in the commodity’s pump price.

Fari told journalists in Abuja that the government through its agencies such as the Department of State Services and the Department of Petroleum Resources should curb the development to avoid crisis in the downstream oil sector.

He said some private depot owners were selling at N165 per litre to independent marketers, way above the government stipulated price of N148 per litre.

Fari said, “Our challenge is the inconsistency in the pricing of petrol. Up till a week ago, government was still insisting that the February price for petrol remained unchanged.

“And most of the private depot owners are selling above the government stipulated price. As at today ( February 25, 2021) private depot owners are selling at N165 per litre to independent marketers.”

He added, “In the last six years, only NNPC imports refined products into this country and these tank farms buy their products from NNPC under a controlled price.

“This has affected our businesses seriously because government is insisting that we sell at the rate of N165, which is not going to work.”

The IPMAN president said filling station owners buy the product at N165 per litre from the private depots and incur other expenses such as transportation, rent, etc.

“So government cannot expect us to sell less than what we buy,” he said.

Fari added, “This is why we are calling on government and agencies that are saddled with the responsibility to control petrol pricing to urgently clamp down on depots that are selling above the stipulated price.”

The Nigerian National Petroleum Corporation, the country’s sole importer of patrol, recently stated that it never hiked the cost of petrol to depots.

It also enjoined the depot owners to sell the product at the approved rate and called on the DPR to enforce the stipulated price across the depots.

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